ANNUAL shareholders meeting

Annual shareholders meeting "Center-invest" has taken place at 9 June. The main result 1999 is: not only the bank but all main clients forced there positions on the market.

Tatiana Visokova, director, reported that the main factors are enlarged:

Capitalization 1,8 times;

Quantity of clients 1,4 times.

"Center-invest" capitalization becomes one of the largest among banks in Rostov. The leading enterprises of region are shareholders of bank: "Rostovenergo" (electricity), "Rostovelectosviaz" (telecommunications), "Rostovgorgas" (gas supplier). Bank participated in boards "Rostovenergo", "Rostselmas" (machinery for agriculture), "Krasny kotelsik" (machinery for power producers), "Rostov CUM" (central mall).

Agriculture becomes a new direction in lending. "Center-invest" was approved by the regional government as agent for farmer's loans.

Clients of the bank became enterprises placed far away from the city due to the system "Client-bank" (telebanking).

"Center-invest" is the single Rostov bank, accreditated in Europay. In 1999 "Center-invest " has opened new currency-euro accounts in leading banks of Germany and France. Turn on this accounts in 1999 was more than 165 ml US$ and 5 ml Euro.